Tax relief cuts on horizon as politicians look to save Treasury millions - think tank

Centre for Policy Studies (CPS) fellow Michael Johnson said tax relief distribution needed radical changes to make it more cost effective. He said incentivising retirement saving had cost the Treasury about £54bn but it was not working effectively. Johnson wants to see radical changes to tax relief distribution - which he said is focused too heavily on high earners. "The top 1% of earners get 30% of all tax relief. They are the people who need it the least. It is not about encouraging them to save, it is about personal tax planning. I would scrap all tax relief and employer National I...